Kalshi, a predictions market platform, has raised an additional $1 billion from venture capital firms, increasing its valuation to $11 billion. The funding round was led by Sequoia Capital and CapitalG, with other investors like Andreessen Horowitz and Paradigm participating. This comes after Kalshi raised $300 million in October, putting it on par with rival Polymarket’s valuation of $12-15 billion.

Kalshi and Polymarket are the top prediction market platforms, with a combined trading volume of $17.4 billion since September. Kalshi has had 61.4% of the trading volume since July 2021. Polymarket recently returned to serving US residents after being barred in 2022. Both platforms have seen major integrations with Google Finance, Yahoo Finance, and other key players in the industry.

Polymarket has secured significant integrations with MetaMask, Google Finance, and Yahoo Finance. Kalshi has also integrated with Google Finance, Robinhood, xAI, Grok, and the Pyth Network. These partnerships and integrations have boosted the platforms’ capabilities and offerings for users.

Read more at Cointelegraph: Kalshi Reportedly Raises Another $1 Billion for $11 Billion Valuation